Men's Lifestyle > Money, Career and Entrepreneurship

Insurance

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jackxtwist:

--- Quote from: den0saur on January 31, 2018, 08:30:12 PM ---Planning to get one but for the longest time. Di na natuloy. Sige nga. Pros and cons tayo. Paexplain please. Thank you!

--- End quote ---
Let's start with the basic. When you get an insurance policy, your life is on the table. You are betting that you'll die within the coverage period. Insurance company betting you're not gonna die within the coverage period. If you die, insurance company pays you your dependents huge amounts of money (depending on contract). If you don't die, insurance keeps all the contributions that you made.  ;) ;) So I don't know.

Since you are a family man now, you are ought to get an insurance. Because, as what insurance saleperson would tell you, you won't know what will happen to you.

I bought insurance when I was 21 (?). Buti na lang nagbasa ako medyo kaya hindi ako naloko bumili ng whole life. I bought 10-year term. You pay less for the same amount of coverage. The coverage period is less too.

vortex:

--- Quote from: jackxtwist on July 12, 2018, 04:51:59 AM ---
--- Quote from: den0saur on January 31, 2018, 08:30:12 PM ---Planning to get one but for the longest time. Di na natuloy. Sige nga. Pros and cons tayo. Paexplain please. Thank you!

--- End quote ---
Let's start with the basic. When you get an insurance policy, your life is on the table. You are betting that you'll die within the coverage period. Insurance company betting you're not gonna die within the coverage period. If you die, insurance company pays you your dependents huge amounts of money (depending on contract). If you don't die, insurance keeps all the contributions that you made.  ;) ;) So I don't know.

Since you are a family man now, you are ought to get an insurance. Because, as what insurance saleperson would tell you, you won't know what will happen to you.

I bought insurance when I was 21 (?). Buti na lang nagbasa ako medyo kaya hindi ako naloko bumili ng whole life. I bought 10-year term. You pay less for the same amount of coverage. The coverage period is less too.

--- End quote ---

Same here, I bought my insurance when I was 21 din with VUL siya na kasama. 10 year maturity.

Nga pala, if someone needs an insurance,affiliated po ako ng insurance institution sa bansa. I can do presentation for you if you want, don't worry di po kita ire-recruit or bebentahan. One of my goals is siyempre ipaalam sa tao kung ano importance ng insurance. Salamat.

Chris:
I got one from Pru and my wife got one from Sun.

Peps:
I invested 500k last december 2017 sa cbc-manulife, tapos last december 2018 I received an update from them about my insurance then I found out my 500k is now just worth 459k, so I went to the bank where I got my insurance to ask them what happened they told me na bagsak daw kasi yung stocks kung san nila ininvest yung pera ko. Hintay ko nalang daw may 4 years pa naman daw.  ???

Ubilex:

--- Quote from: Peps on January 22, 2019, 01:27:07 PM ---I invested 500k last december 2017 sa cbc-manulife, tapos last december 2018 I received an update from them about my insurance then I found out my 500k is now just worth 459k, so I went to the bank where I got my insurance to ask them what happened they told me na bagsak daw kasi yung stocks kung san nila ininvest yung pera ko. Hintay ko nalang daw may 4 years pa naman daw.  ???

--- End quote ---
Tama naman si bank sir. When you invest in stock market, make sure your risk appetite is very high. You have to wait for 5-10 or even more years for you to gain significantly.


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